Divergence on EUR/USD

Divergence on EUR/USD

The current technical pattern on EUR/USD indicates the development of the bullish sentiment. A sufficiently strong reversal formation, the price and MACD histogram, divergence, appeared on the trading instrument (H4 timeframe). At the moment, the price is testing the local resistance level of 1.17500.

If the price fixes above the 1.17500 mark, we recommend you to look for entry points to the market to open long positions. The closest target for profit taking is the local offer zone of 1.18000-1.18250. In the medium term, the EUR/USD currency pair may reach a "mirror" resistance level of 1.18750. When following a position, one should use a trailing stop.

by JustForex, 2017.10.09

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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